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first, new treasury secretary jack lew -- a veteran of the clinton and obama white houses - who will succeed timothy geithner. >> jack has my complete trust. i know i'm not alone in that. in the words of one former senator, "having lew on your team is the equivalent as a coach of having the luxury of putting somebody at almost any position and knowing he will do well." gwen: so what does lew's appointment tell the senators who must confirm him about what comes next in our epic budget fights? david? >> i think it tells us that the president anticipates that this year will be a year dealing with taxes and spending and deficits. it will be the fifth year in which we have a trillion dollar deficit and jack lew has been budget director in two administrations. unlike timothy geithner, he has very little experience in finance. that was geithner's strong point. he has very little experience in international. that was geithner's background. this is a guy who knows budget and knows congress. it sort of marks a punctuation point in the financial rescue. geithner was part of the rescue at the ne
first, new treasury secretary jack lew -- a veteran of the clinton and obama white houses - who will succeed timothy geithner. >> jack has my complete trust. i know i'm not alone in that. in the words of one former senator, "having lew on your team is the equivalent as a coach of having the luxury of putting somebody at almost any position and knowing he will do well." gwen: so what does lew's appointment tell the senators who must confirm him about what comes next in our epic...
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it's believed to be jack lew. that is who he will nominate. chief congressional correspondent mike emanuel looks at the lew pros and cons tonight from the white house. >> two sources close to the process say white house chief of staff jack lew is expected to be nominated by the end of the week. publicly, jay carney avoided getting ahead of president obama. >> i don't have a timetable for any other personnel announcements but i have no new information. or any change information on secretary geithner departure. >> sources say lew is up with of the president's favorites because of the sharp knowledge of the federal budget and no drama style. capitol hill republicans say lew gained a reputation for being arrogant and rigid in the 2011 dead ceiling fight. the top republican predicts a bumpy confirmation process because lew is too political in the capitol hill testimony. >> he refused to acknowledge basic financial certainly and spun numbers in a way that benefited president. he did not show credibility he wants in the cabinet position. >> the confi
it's believed to be jack lew. that is who he will nominate. chief congressional correspondent mike emanuel looks at the lew pros and cons tonight from the white house. >> two sources close to the process say white house chief of staff jack lew is expected to be nominated by the end of the week. publicly, jay carney avoided getting ahead of president obama. >> i don't have a timetable for any other personnel announcements but i have no new information. or any change information on...
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so, kim, tell us about jack lew, who is he? what does he believe? >> well, he's mostly, i think, this is important, a creature of washington. he had a brief interlude out at citigroup, but a lot of time working in a political capacity and does in fact make him a much different creature for a position like the treasury secretary than we have in the past, folks who have come from that often out of the business world, established economists, might come from the fed. this is a person viewed by congress and many, by many people here in washington a more of an ideologue. >> and with the clinton administration, i know republicans thought he was an honest liberal, anybody he's emerged under this president as much more implacable. and mr. lew makes a lot of appearances, almost always in the role, when you see mr. obama and boehner making progress. he throws the monkey wrench and pretty much tanking the negotiations and makes him poison for republicans and a problem in his capacity as treasury secretary which sometimes does need to work with congress. >> paul
so, kim, tell us about jack lew, who is he? what does he believe? >> well, he's mostly, i think, this is important, a creature of washington. he had a brief interlude out at citigroup, but a lot of time working in a political capacity and does in fact make him a much different creature for a position like the treasury secretary than we have in the past, folks who have come from that often out of the business world, established economists, might come from the fed. this is a person viewed...
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i have the greatest respect for jack lew. i know he is main of exceptional judgment, calm under pressure with an extraordinary record of accomplishment and experience. over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and the poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. he understands that to govern responsibly is to govern with a recognition that we have limited fiscal resources. like jack, have i spent my professional life in this world of public policy and public service, and as all of you know, our families carry a large share of the burdens we assume in public life. i feel incredibly fortunate that my wife, carol, and my family have been willing to allow me to do this. i thank them for their support and their patience and i understand their occasional impatience. [ laughter ] >> i want to express my admiration and my appreciation for the women and the men of the treasury de
i have the greatest respect for jack lew. i know he is main of exceptional judgment, calm under pressure with an extraordinary record of accomplishment and experience. over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and the poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. he understands that to govern responsibly is to govern with a recognition that...
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jack lew claim to fame to create a surplus bet americans are up in arms? >> nobody has a better resonate and jack lew who was an aide to tip o'neill during the reform of social security. republicans are really just playing partisan. lori: over the last three years ago with budget director u.s. has run deficits over $8 trillion per year in that rate is of contention with criticism. >> a lot of that's is more partisan fear than reality. one interview that he did when the president proposes budget that spending on government programs would balance with the revenues to equalize. their rubies smaller running deficits but that was the course scope and size issue. they said it is semantics but that is not the case. lori: do they not like him because he is a tough negotiator? >> that is part of it. >> except john kerry every nomination is criticized even in hagel is not good enough. so the backdrop of the obama was working in with a first term and dynamics were different but that was a solid choice and we could have huge ffghts ahead of us. >> with the cuts coming
jack lew claim to fame to create a surplus bet americans are up in arms? >> nobody has a better resonate and jack lew who was an aide to tip o'neill during the reform of social security. republicans are really just playing partisan. lori: over the last three years ago with budget director u.s. has run deficits over $8 trillion per year in that rate is of contention with criticism. >> a lot of that's is more partisan fear than reality. one interview that he did when the president...
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jack lew must never be treasury secretary. his testimony before the senate budget committee less than two years ago was so outrageous and false that it alone disqualifies. jack lew is not that man. >> well, i guess if jeff sessions represented the majority party, his words there might have a little more bite than they do. jack lew actually in truth is the least controversial of the nominees we're going to talk about tonight. he is very liberal. no question about that. he has come up through the ranks starting in tip o'neil's office in years ago on the democratic side of the party. capable. knows the numbers. has the president's trust. even though he has offended some republicans by his behavior in the negotiations, president likes him. they won't go to the matt over this. >> bret: chuck hagel, charles? >> here from the two leading hagel indicators. schumer on the democrats and mccain on the republican. he is from new york. unequivocal. if he goes with hagel in the end, hagel will be approved. as for mccain, his issue is more i
jack lew must never be treasury secretary. his testimony before the senate budget committee less than two years ago was so outrageous and false that it alone disqualifies. jack lew is not that man. >> well, i guess if jeff sessions represented the majority party, his words there might have a little more bite than they do. jack lew actually in truth is the least controversial of the nominees we're going to talk about tonight. he is very liberal. no question about that. he has come up...
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. >> sir, you're on record about jack lew. i want to get you on record about the breaking news that jay rockefeller announcing he's not going to seek another term come 2014. he's been a five-term senator from west virginia. what does this mean to the balance of power in the senate? >> well, i'm not an expert on the politics of west virginia. jay rockefeller has been a wonderful senator and very strong on a number of issues. he's going to be missed very, very much. and i hope that there will be a good candidate that can take his place. >> the new comes after shelly moore announcing that she would seek rockefeller's seat next year, republican from west virginia. at least one person throwing their hat in the ring for that. bernie sanders, thanks for joining me, i appreciate it. >> thank you. >> here's a look at some of the stories topping the news now. the centers for disease control and prevention said the flu is widespread in 47 states, up from 41. 20 children have died so far and the cdc also reporting that even though the vac
. >> sir, you're on record about jack lew. i want to get you on record about the breaking news that jay rockefeller announcing he's not going to seek another term come 2014. he's been a five-term senator from west virginia. what does this mean to the balance of power in the senate? >> well, i'm not an expert on the politics of west virginia. jay rockefeller has been a wonderful senator and very strong on a number of issues. he's going to be missed very, very much. and i hope that...
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then on thursday, naming his chief of staff, jack lew as his nominee to become the the next treasury secretary. the president's pick is getting all sorts of media attention from all sides and conservative media groups in particular, jim seem to have with chuck hagel and the liberal media seems to have issues with brennan to run-- and then the issue of jack lew's signature, everybody has an issue with. yeah, i mean, look on the hagel thing, all the issues about the iraq war and israel lobby and all the other things that hagel has brought up. we've got another drama within a drama there, which is chuck schumer and-- chuck schumer a democratic senator from new york, jewish, seen as a decisive vote inside the senate and the republicans mostly oppose hagel and the question for the democrats go and could be following schumer's league and going to enjoy this drama as long as he can and get on tv a lot saying i'm deciding, i'm deciding, you'll deciding, and see what he's doing in the end. >> and what do you think of the pick of the president for a republican. >> and commenttators would say w
then on thursday, naming his chief of staff, jack lew as his nominee to become the the next treasury secretary. the president's pick is getting all sorts of media attention from all sides and conservative media groups in particular, jim seem to have with chuck hagel and the liberal media seems to have issues with brennan to run-- and then the issue of jack lew's signature, everybody has an issue with. yeah, i mean, look on the hagel thing, all the issues about the iraq war and israel lobby and...
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lew has been very suk s sesful and if anybody can, jack can. if you look at the paul ryan budget, what you see is literally a transfer of trillions of dollars over the ten-year budget window from programs that help low income people to tax cuts for rich people. this is the robin hood in reverse on steroids. jack lew recognizes that one of the critical roles for government is protecting economically vulnerable people. now, that doesn't mean he won't put some spending cuts on the table and they may even involve entitlements but you can bet the vulnerable retirees and the people who depend on the safety net at times of market failure will have a very strong ally in jack lew. >> to that point, many people have suggested in the past that there's been a revolving door that goes from the treasury to wall street and back again. is this man part of that coterie or is he very much and firmly in the public service camp? >> it's much more in the public service camp. i read this morning a critique of the choice of jack for treasury secretary by some financi
lew has been very suk s sesful and if anybody can, jack can. if you look at the paul ryan budget, what you see is literally a transfer of trillions of dollars over the ten-year budget window from programs that help low income people to tax cuts for rich people. this is the robin hood in reverse on steroids. jack lew recognizes that one of the critical roles for government is protecting economically vulnerable people. now, that doesn't mean he won't put some spending cuts on the table and they...
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jack lew, what's wall street think? >> you know, jack lew -- there are people who look back and forth at this. and there has been a raging debate on wall street. the instant knee-jerk reaction was that the business leaders, business community, would like to see somebody who would listen to them, maybe get their points across a little more, maybe be more interested in growth. but overall, people say jack lew has a great resume. he is a very strong player. and he is somebody who has been involved in the budget negotiation talks. and that's something that we need going around. so while they say he may have some weak points, they also expect he will be confirmed. and so people are getting used to that idea. what they're talking about now, who would be the deputy treasury secretary, someone who has a very close finger and the pulse on the financial markets, because they say that's their big concern is we want to see what happens with all these things. we have seen investors coming back into the markets. and chuck, i know it'
jack lew, what's wall street think? >> you know, jack lew -- there are people who look back and forth at this. and there has been a raging debate on wall street. the instant knee-jerk reaction was that the business leaders, business community, would like to see somebody who would listen to them, maybe get their points across a little more, maybe be more interested in growth. but overall, people say jack lew has a great resume. he is a very strong player. and he is somebody who has been...
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>>> the cabinet reshuffle continues, and next in the hot seat, jack lew. it is wednesday, january 9th, and this is "now." >>> joining me today, "rolling stones" eric bates, heather mcgee, former traveling press secretary for the obama campaign jen psaki, and the effortlessly elegant msnbc contributor jonathan capehart of "the washington post." at a time of great fiscal uncertainty and belt tightening, president obama is poised to nominate as the next treasury secretary a man who brings his lunch to work every day, a cheese sandwich and apple to be precise, president obama will reportedly tap jack lew tomorrow to replace timothy geithner. lew would take over on the eve of another debt ceiling battle. in round one during the summer of 2011, boehner's top staffer called lew's debt ceiling negotiations disrespectful and dismissive. according to david plouffe, that is because jack knows the numbers and republicans couldn't pull a fast one. two names are being floated to replace lew, dennis mcdonagh, currently his deputy national security adviser and ron klain.
>>> the cabinet reshuffle continues, and next in the hot seat, jack lew. it is wednesday, january 9th, and this is "now." >>> joining me today, "rolling stones" eric bates, heather mcgee, former traveling press secretary for the obama campaign jen psaki, and the effortlessly elegant msnbc contributor jonathan capehart of "the washington post." at a time of great fiscal uncertainty and belt tightening, president obama is poised to nominate as the...
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>> i worked with jack lew, what you read does not resonate. you have to remember back then, lew was arguing with the tea party. the tea party they bring negotiations to the table. -- the position, so this is not something new to him. i am quite confident that he will be confirmed again. this is a guy who back in the 1980s helped to negotiate a social security deal that was very bipartisan. 1997 a bipartisan balanced budget that led to a surplus, not a deficit of over $200 billion in 2000. he dusted it up with the republican party back then and frankly he needed to. >> i want to move on to something more light hearted conversation. the buzz about creating a trillion dollar coin. treasury spokesman is saying that the treasury department nor the federal reserve feels that it should be producing a platinum coin. ultimately how does it work? it sounds completely bizarre. >> it's a bizarre solution to a more bizarre problem and i think many people, myself included thought that the trillion dollar coin solution was absolutely ridiculous. but it would
>> i worked with jack lew, what you read does not resonate. you have to remember back then, lew was arguing with the tea party. the tea party they bring negotiations to the table. -- the position, so this is not something new to him. i am quite confident that he will be confirmed again. this is a guy who back in the 1980s helped to negotiate a social security deal that was very bipartisan. 1997 a bipartisan balanced budget that led to a surplus, not a deficit of over $200 billion in 2000....
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if you see the swirl, that's jack lew. jack lew has a reputation as a tough negotiator. politico reporting by tapping the former key aid for tip o'neal who has worked for two white house administrations, president obama is gearing up to play tough on the debt ceiling. and msnbc contributor, not a handwriting analysis expert, but we're going to ask you about it anyway. a really out john hancock for jack lew. but he's been in and out of washington for the '70s. he's been involved, jared, in balancing the budgets. as the gop is going to push for budget cuts to coincide with three more cliffs over the budget, how critical is jack lew going to be to the president in waging that fight? >> highly critical in precisely the ways you mentioned. by the way, i think it would be cool. we had that at the bottom of our currency. although i suspect he could change his signature for that. one of the things we know about jack lew is that he's been a tireless fighter to protect key areas of the budget, particularly where they affect economically vulnerable people. he's been a staunch defen
if you see the swirl, that's jack lew. jack lew has a reputation as a tough negotiator. politico reporting by tapping the former key aid for tip o'neal who has worked for two white house administrations, president obama is gearing up to play tough on the debt ceiling. and msnbc contributor, not a handwriting analysis expert, but we're going to ask you about it anyway. a really out john hancock for jack lew. but he's been in and out of washington for the '70s. he's been involved, jared, in...
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he is jack lew now chief of staff. he's got one thing in common with the president's last three nominees namely john kerry chuck hagel and john brennan all three are white males. does president obama have a diversity problem or people just being too hard on him again. we'll talk about that and a whole lot more. but first, she's got the latest, today's current news update from lisa ferguson out in los angeles. good morning. >> hey bill. good morning everyone. the white house is gearing up for a fight with the nra in the midst of meetings from obama's new gun violence task force. cnn is reporting that the nra is prepping a hard-hitting ad campaign mounting opposition to possible new restrictions. nra president david keen says the group is mobilizing for a fight and will engage its members. now the white house's plan is to outorganize the nra. president obama is rallying groups of churches, medical organizations and retailers all to build support for new gun regulations. >>> the joe biden-led task force is set to deliver
he is jack lew now chief of staff. he's got one thing in common with the president's last three nominees namely john kerry chuck hagel and john brennan all three are white males. does president obama have a diversity problem or people just being too hard on him again. we'll talk about that and a whole lot more. but first, she's got the latest, today's current news update from lisa ferguson out in los angeles. good morning. >> hey bill. good morning everyone. the white house is gearing up...
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and jack lew is in the middle of it. because democratic economic policies have not been well received by republicans in congress, and because jack lew once irked mitch mcconnell, he is, we're supposed to believe, not going to get the top tier cabinet position. we scoff in your general direction. if those do not sound like reasons substantive enough to block a presidential cabinet nomination, that is because those are not reasons substantive enough to block a presidential cabinet nomination. at least historically speaking, those are not the kind of things that keep a person out of a top tier job like that. as "the new york times" calculated today, in the history of the u.s. senate, the senate has confirmed over 500 cabinet nominations. over 500. it has denied nine out of more than 500 in gnat senate history. the last time a cabinet nomination was denied was almost 25 years ago when the senate voted down poppy bush's nominee for defense john tower after what would later be described in his obituary of public allegations of
and jack lew is in the middle of it. because democratic economic policies have not been well received by republicans in congress, and because jack lew once irked mitch mcconnell, he is, we're supposed to believe, not going to get the top tier cabinet position. we scoff in your general direction. if those do not sound like reasons substantive enough to block a presidential cabinet nomination, that is because those are not reasons substantive enough to block a presidential cabinet nomination. at...
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well, for heaven sakes, jack lew was on wall street for a year. he ran the alternative investments at citibank and he got $1 million bonus to that and $1 million cash compensation on top of that. i don't begrudge him that. i'm a free market guy. but his boss begrudges people who made money and lew did that in one year. if you live by the sword, you die by the sword. >> well, again, he is in sync with his boss, president obama, and i think obama's willing to overlook those transgressions as long as you see the world the way he does. and in terms of governor dean, i almost think i'm re-hearing herbert hoover about the need to fight the deficit by raising taxes. raising taxes -- >> and cutting spending. >> raising taxes is not the way to go. and you look at europe, they're raising taxes, japan is raising taxes and the result is a disaster. as you know, if we had normal growth economy, say 4%, which shouldn't be hard to do after what we've been through, you'd get an extra $400 billion, $500 billion right off the bat, instant, painless. >> howard, what
well, for heaven sakes, jack lew was on wall street for a year. he ran the alternative investments at citibank and he got $1 million bonus to that and $1 million cash compensation on top of that. i don't begrudge him that. i'm a free market guy. but his boss begrudges people who made money and lew did that in one year. if you live by the sword, you die by the sword. >> well, again, he is in sync with his boss, president obama, and i think obama's willing to overlook those transgressions...
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jack lew, women qualified for the positions? absolutely. >> do you believe that there is some meeting happens right now to try to appropriately deal with this? i mean, no one wants the job just based on the gender or color. you want to say i earned my way in this and we know the realities of doors opened and closed in our nation's past to women, to people of color. do you think given the situation, the exposure there's serious talk behind the scenes at the white house? >> absolutely. i think that's right. there's some serious talk about how to fill out the rest of the cabinet. you saw the white house rush to essentially say, hey, wait a minute, we have the folks staying. holder and sebelius but to me in some ways they weren't in tune to this initially going in to this and only speaks to the lack ofdy rersty. no one in that room to say, listen, maybe we have a problem with the optics with rolling out all of these white male candidates. >> last thing i'd say, tamron, look. this is important. we want to create good role models for
jack lew, women qualified for the positions? absolutely. >> do you believe that there is some meeting happens right now to try to appropriately deal with this? i mean, no one wants the job just based on the gender or color. you want to say i earned my way in this and we know the realities of doors opened and closed in our nation's past to women, to people of color. do you think given the situation, the exposure there's serious talk behind the scenes at the white house? >>...
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jack lew, where are the women? >> well, andrea, there's no doubt that women's advocacy groups are critiquing and criticizing the president for the fact his top cabinet appointments are all male. the white house pushing back against that, pointing to the fact, look, there are a number of women appointed here at the white house, at one count it's 43%, which is higher than the bush administration. >> just the same as the clinton administration, 43%. >> right. this is something the white house has been answering a lot of questions about. let's put it that way. yesterday jay carney was pressed on this issue. i asked about this issue a few weeks ago. he continues to say that diversity is one of the president's important initiatives, but if you look at the top people in his cabinet, certainly, this is a problem and women's advocacy groups are pointing it out. andrea? >> thank you very much. so to answer that question, among others, where are the women, joining me now, democratic senator from minnesota. we know where the w
jack lew, where are the women? >> well, andrea, there's no doubt that women's advocacy groups are critiquing and criticizing the president for the fact his top cabinet appointments are all male. the white house pushing back against that, pointing to the fact, look, there are a number of women appointed here at the white house, at one count it's 43%, which is higher than the bush administration. >> just the same as the clinton administration, 43%. >> right. this is something...
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jack lew is going to the treasury. for those of you who can make out his signature here, that's jack lew's signature. it looks sort of like a drunk caterpillar there. that will be on your flat money. it looks just like this. jack lew's signature. like a shock test if you look at it the right way. that's one nomination. other nominations that we've had here recently. we wanted to talk to juana summers about. let's start with john brennan. john brennan to the c.i.a. how are republicans going to take this? because we've already seen some opposition to him. >> as expected, a lot aren't taking it very well. they say he still has questions to answer about harsh interrogation tactics from the bush era. he hasn't answered that. lindsey graham the other night speaking on fox news that suggested he wants to put a hold on brennan's nomination. use that as leverage so he can get the answers that he and his republican colleagues, kelly ayotte, john mccain have been pushing for from clinton from the obama administration and the atta
jack lew is going to the treasury. for those of you who can make out his signature here, that's jack lew's signature. it looks sort of like a drunk caterpillar there. that will be on your flat money. it looks just like this. jack lew's signature. like a shock test if you look at it the right way. that's one nomination. other nominations that we've had here recently. we wanted to talk to juana summers about. let's start with john brennan. john brennan to the c.i.a. how are republicans going to...
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those were the years that jack lew was in charge of the budget. those were also the years in which debt clocks had to be unplugged because they had never been programmed to run backwards. it was not jack lew alone who led us to that fiscal breakthrough as a country. but he was budget director, and with success comes bragging rights. and even know the obama administration kind of declared war on peacocks in this announcement yesterday, it is worth wondering if they might not actually be better off if they did strut on these issues a little bit more than they like to, because you would never know it from the way the deficit peacocks are crowing against this administration, but the deficit is now more than $200 billion smaller than it was when president obama first took office. we are currently witnessing the fastest deficit reduction in this country since the end of world war ii. the alleged big spending liberal barack obama has already signed into law approximately $2.4 trillion deficit reduction measures over the next decade. and that could be hig
those were the years that jack lew was in charge of the budget. those were also the years in which debt clocks had to be unplugged because they had never been programmed to run backwards. it was not jack lew alone who led us to that fiscal breakthrough as a country. but he was budget director, and with success comes bragging rights. and even know the obama administration kind of declared war on peacocks in this announcement yesterday, it is worth wondering if they might not actually be better...
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. >> president obama's cabinet shuffle continued today when he nominated jack lew for treasury secretary. he will have to hit the ground running. the nation is society to hit the borrowing limit at the end of january. the president insists lew is ready. >> having lew on your team is the equivalent of a culture to have the luxury of putting anyone in a position and knowing he will do well. >> president obama considered resending the nomination after seeing lew's signature which would be on all currency if confirmed. rick santorum is launching a campaign to defeat the nomination of rick hagel. he says hagel "antiisrael pro iran mindset makes him unqualified for the pentagon job." president obama nominated hagel on monday. >> we're now learning that it sequestration could mean a month-long furlough for civilian employees at the military. the plan requires $45 billion in budget cuts including a 15% cut in payroll. the pentagon says they are studying other options. >> the race is on for a new location for the f.b.i. political leaders from virginia are making their pitch to replace the hoover
. >> president obama's cabinet shuffle continued today when he nominated jack lew for treasury secretary. he will have to hit the ground running. the nation is society to hit the borrowing limit at the end of january. the president insists lew is ready. >> having lew on your team is the equivalent of a culture to have the luxury of putting anyone in a position and knowing he will do well. >> president obama considered resending the nomination after seeing lew's signature which...
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Jan 12, 2013
01/13
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i think jack lew is an exceptionally good choice to be secretary of treasury. this is not about saving detroit. it's not about the banking system coming to collapse. we're in a fiscal and budgetary bind of historic proportion and it's going to be congress to a great degree and the white house. and i think that anybody who has been twice budget director, judy, 30 years ago, jack lew was negotiating for the speaker of the house o thomas p o'neill when they were doing the greenspan commission on social security between ronald reagan's white house and the democrats in the house. i mean his experience is-- he doesn't have pan ach, he doesn't have dash, he's not going to give you, you know, two colourful things. he's to the going to talk off the record like that the. but i just think he is a great choice. >> quickly, some conversation this week about lack of diversity so far in the president's pick. should we be -- >> you know, ruth marcus said he should have had some binders full of women. you for example i do think ruth made the point that there is not a lot-- ther
i think jack lew is an exceptionally good choice to be secretary of treasury. this is not about saving detroit. it's not about the banking system coming to collapse. we're in a fiscal and budgetary bind of historic proportion and it's going to be congress to a great degree and the white house. and i think that anybody who has been twice budget director, judy, 30 years ago, jack lew was negotiating for the speaker of the house o thomas p o'neill when they were doing the greenspan commission on...
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Jan 8, 2013
01/13
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jack lew is the likely nominee. if he picks lew it could set the stage for another contentious confirmation battle. is there any other kind these days, mike emanuel? it seems like everybody that is being picked with the sepgs of senator kerry looks like a tough battle on capitol hill tell us a little bit more about this. >> reporter: good afternoon to you, as you look the at recent nominations these people are all obama people and jack lew has served this president as director of the office of management and budget and white house chief of staff. we are told it is all but a done deal for jack lew to replace timothy geithner as treasury secretary. lew has become a favorite of the president because he has sharp knowledge of the federal budget and his style is no drama. his confirmation would likely be taking place during some bruising budget fight and as congress considers increasing the nation's credit card the debt limit from the podium the white house press secretary has avoided getting ahead of mr. obama. >> i hav
jack lew is the likely nominee. if he picks lew it could set the stage for another contentious confirmation battle. is there any other kind these days, mike emanuel? it seems like everybody that is being picked with the sepgs of senator kerry looks like a tough battle on capitol hill tell us a little bit more about this. >> reporter: good afternoon to you, as you look the at recent nominations these people are all obama people and jack lew has served this president as director of the...
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Jan 11, 2013
01/13
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it is worth noting, in 2008 jack lew oversaw one of the most controversial branches of citigroup and there has been -- we talked about it yesterday. we're talking about wall street and the white house and the university system being the military industrial complex of our time, quoting gabe sherman from "new york magazine" piece. there is a pipeline between this stuff, and when you have a treasury secretary that's setting monetary policy, should he be someone that is theoretically in could ka hoots with the street? >> that strikes me as a crazy attack from bernie sanders because lew -- it is true that lew wrote for citigroup. he is probably the most liberal group of the cabinet. he has spent his whole career on the left of the democratic party. you know, he is also a liberal a lot of republicans trust and have worked with and feel he is an honest person. he is a guy who, i mean, he has talked for a long time about the importance of, satisfy, the cuts to defense spending, which isn't something that a lot of people of either party are comfortable saying. i mean, he is not a high profile
it is worth noting, in 2008 jack lew oversaw one of the most controversial branches of citigroup and there has been -- we talked about it yesterday. we're talking about wall street and the white house and the university system being the military industrial complex of our time, quoting gabe sherman from "new york magazine" piece. there is a pipeline between this stuff, and when you have a treasury secretary that's setting monetary policy, should he be someone that is theoretically in...
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Jan 7, 2013
01/13
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jack lew is expected to inherited those headaches and president obama has promised quick action on joe biden's proposals for new gun control laws following the school shootings in connecticut. >>> the vice president's plan could be bogged down. a task force led by vice president biden is devising legislation to reform gun control laws. "washington post" reported that it could be background checks and set up a national database to track gun sales and make it harder for the mentally ill to purchase guns. these are still justroposals being considered. >>> all right, leigh glaser is check in the forecast. >> kind of clear out there tonight. we do have some very dense fog already being reported in the north bay. from high definition east bay cam you see clear skies, what a difference last night, we had the rain, the fog, nasty out there and then tonight, that area of low pressure moves to the south of us and we have seen nice clearing out there. live doppler 7-hd not picking up any returns at all. wet weathermaker has pushed to the south. it's starting to exit southern california so we'll s
jack lew is expected to inherited those headaches and president obama has promised quick action on joe biden's proposals for new gun control laws following the school shootings in connecticut. >>> the vice president's plan could be bogged down. a task force led by vice president biden is devising legislation to reform gun control laws. "washington post" reported that it could be background checks and set up a national database to track gun sales and make it harder for the...
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Jan 10, 2013
01/13
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CNN
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jack lew understands budgets. the fact of the matter is, this is a guy that can speak the right language when the biggest crisis in washington right now is the fact that there's an absence of a budget. >> okay. so, ali, that's a great point. when i heard you talk about this before it was the one thing that you said that i kind of disagreed with. look, we have a fiscal crisis on our hands, we have a debt crisis. if you look at his performance in the last few years in terms of running the budget office and being the chief of staff for the president, the debt crisis has gotten much worse. i don't look at that reference and say, gee, this is a guy who is really going to fix the problem and i do think what we need in washington is he's been in washington in and out of government for 25 years and i guess my philosophy is, why not bring in some new faces, granted they are going to have the president's philosophy but maybe looking at new approaches to bringing this enormous debt down. >> steve, do you remember his record
jack lew understands budgets. the fact of the matter is, this is a guy that can speak the right language when the biggest crisis in washington right now is the fact that there's an absence of a budget. >> okay. so, ali, that's a great point. when i heard you talk about this before it was the one thing that you said that i kind of disagreed with. look, we have a fiscal crisis on our hands, we have a debt crisis. if you look at his performance in the last few years in terms of running the...